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ThinkingAntsOk

Bearish Potential on Soybeans by ThinkingAntsOk

Short
CFDs on Soybeans (OANDA:SOYBNUSD)  
ThinkingAntsOk Updated   
OANDA:SOYBNUSD   CFDs on Soybeans
Trend Analysis Support and Resistance Multiple Time Frame Analysis Soybeans SOYBEANS soybean Commodities WTI Oil
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trendanalysis supportandresistance mtfa soybeans soybnusd soybean commodities wti oil
4H CHART EXPLANATION:

At the beggining of May, price started a strong bullish movement towards the Weekly Descending Trendline. Once it faced the zone, it could not consolidate above and the trend became weaker. Then started moving sideways and it has recently formed a Triangle Patter, which was broke downwards yesterday. We expect a downside move towards the Multiple Support Zones.


MULTI TIMEFRAME ANALYSIS:

-Daily:

snapshot

-Weekly:

snapshot





Trade closed: target reached
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